BZD (Belize Dollar)


DEFINITION of 'BZD (Belize Dollar)'

The currency abbreviation for the Belize dollar (BZD), the currency for Belize. The Belize dollar is made up of 100 cents and is often presented with the symbol BZ$. Belize's dollar has been pegged to the U.S. dollar since May 1976 at 2:1. The Central Bank of Belize manages the nation's foreign reserves.

BREAKING DOWN 'BZD (Belize Dollar)'

The Belize dollar was officially recognized as the currency for Belize on January 1, 1974, when it replaced the British Honduras dollar. This was six months following the renaming of the British colony, then known as British Honduras, to Belize on June 1, 1973.

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